00:00calci who i'm seeing by the way advertising a lot now on social media on a lot of the different
00:06channels i had never seen that before i'm starting to see it a lot more it seems like they have their
00:11foot on the pedal at this point and clearly the way that the market sees calci is a growing
00:16company isn't it yeah it's no coincidence that you're starting to notice more calci advertisements
00:22often at times by the way explicitly saying that what they're doing is sports betting but for legal
00:28reasons they can do it so you don't have to worry if you're in a state like california or texas but
00:33calci now valued at five billion dollars uh after this new funding round it just had this past week
00:39which is really interesting because that's six times what it was worth just a year ago before it
00:44started offering sports prediction markets back then it only took about 20 million dollars in volume
00:50a month on those kind of you know novelty markets now it takes about a billion dollars in trading volume
00:55a month with you know the majority being on sports uh the company says it's grown a hundred times over
01:00the past year multiplied its user base by 50 uh and it's expecting to do um you know even higher numbers
01:06in the coming months it wants to launch more markets uh all over the world as well to not just have these
01:11sports prediction markets in the us where they're doing most of their business in these states where
01:15sports betting isn't legal but in other countries around the world where it'll allow them the same
01:20advantages of you know skirting taxes not having to pay license fees not having to really answer to
01:26anybody it's overseen by the cftc which has so far not done anything in this space and it's pretty
01:32telling that they are raising a ton of money from wall street again six times what it was worth just a
01:37year ago uh now about 3.3 billion dollars in volume over the past 30 days um most of it all being on sports
01:45only a little bit on the economy and politics so it's no surprise that as sports which we know
01:50americans love to bet on as that continues to boom the company and its valuation continues to
01:54boom as well people now kind of looking at it as a sports betting company versus
01:58just a prediction market company
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